Advanced Placement (AP), 22.11.2019 10:31, jujulakaeuaws

How much money should be invested now (rounded to the nearest cent), called the initial investment, in a treasury bond investment that yields 4.75% per year, compounded monthly for 10 years, if you wish it to be worth $20,000 after 10 years?

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How much money should be invested now (rounded to the nearest cent), called the initial investment,...